BTC Sentiment Poll for August

[bbc.reporter]

I thought that yesterday's pump was an overreaction and was expecting to see at least a small pull-back today, but I was wrong again.
Today's high was $73,012, which I think is the highest we have been in like 6 months.
Too soon to call the end of the bear market, but this is an unexpected turn. So far, August is +15.44% in the green, which would make it the best August since 2017.

The fear & greed index has moved from neutral to greed. Things are getting interesting.

The pump is being caused by the Trump pump! We can be quite certain that there were the Donald's insiders who has bought bitcoin and other cryptocoins already before his announcement in his speech in the Whitehouse hehehehe!

I reckon that this American government support on the cryptospace will stop if a Democrat who is supported by Wall Street bankers will win the next presidential election!

In any case, this is the latest news on the Trump pump!



President Donald Trump and top financial regulators hosted key figures in the cryptocurrency and digital assets industries at the White House Wednesday, with a major legislative priority for the administration and those industries nearing the finish line.

Cody Carbone, CEO of The Digital Chamber, attended the meeting and said in an interview with FOX Business the "main takeaway was that the U.S. is not going to slow down in its objective of becoming the crypto capital of the world."

"There was a lot of talk about the CLARITY Act, this legislation that's in front of us, and that there was a desire and need to get this done," Carbone said, noting there is bipartisan support for the bill and that President Trump indicated he hopes to sign it into law in September.

Read in full https://www.foxbusiness.com/technology/trump-crypto-meeting-signals-us-not-going-slow-down-bid-digital-asset-dominance-expert-says

the four price cycle belief is dooming btc.

plain and simple.

and when the whales crack and bust the four year cycle are the believers in it will feel really taken

Agreed! We have to thank the Donald for this breaking of the 4 year cycle!

[coinrifft]

And what do you know,



As 50% who voted and they wanted to pump and that's what we got a week before the end of the month. Maybe it is being pump by Donald Trump. But regardless it put a smile on the majority of us seeing the price going on a parabolic rise and we might see that maybe we have really see the bottom at $57k.

[dwyane36]

I thought that yesterday's pump was an overreaction and was expecting to see at least a small pull-back today, but I was wrong again.
Today's high was $73,012, which I think is the highest we have been in like 6 months.
Too soon to call the end of the bear market, but this is an unexpected turn. So far, August is +15.44% in the green, which would make it the best August since 2017.

The fear & greed index has moved from neutral to greed. Things are getting interesting.

I think it came as a surprise to many just how quickly the bulls took control. At one point, the BTC price had already risen above $79k, and the current trend looks very strong, even on higher time frames. That said, this is exactly how a market trend reversal is supposed to happen, although I personally didn't expect it to happen in August, which in previous years has usually been a "red month" for BTC.

[arwin100]

I thought that yesterday's pump was an overreaction and was expecting to see at least a small pull-back today, but I was wrong again.
Today's high was $73,012, which I think is the highest we have been in like 6 months.
Too soon to call the end of the bear market, but this is an unexpected turn. So far, August is +15.44% in the green, which would make it the best August since 2017.

The fear & greed index has moved from neutral to greed. Things are getting interesting.

I think it came as a surprise to many just how quickly the bulls took control. At one point, the BTC price had already risen above $79k, and the current trend looks very strong, even on higher time frames. That said, this is exactly how a market trend reversal is supposed to happen, although I personally didn't expect it to happen in August, which in previous years has usually been a "red month" for BTC.

Recent great movement of the market surprised many people, but to be honest  this is how trend reversal usually looks like. It can trap and sometimes flip so fast. Also we can also notice that there's no perfect or accurate month that this situation will going to happen.

Even if money people predict that August will be a weak month for BTC as history also points that. But current situation happen proves that each season is different. Everything is just a tendency and what happen now is a great proof that bullish run can happen anytime.

So well, I'm curious if BTC can successfully cross at $80,000, because if that happens maybe that can trigger more demands on Bitcoin.

[tokeweed]

Oh look...  A price action like how BTC was supposed to move like how it used to in the full on bull markets of old.  Man I miss those.  And it made people behave differently too.  The vibe was a lot better...  Like everybody was reassuring each other that we all were gonna make it.

These days, it's just guys rage baiting and doom posting most of the time.  Hopefully it changes soon.

[yudi09]

Oh look...  A price action like how BTC was supposed to move like how it used to in the full on bull markets of old.  Man I miss those.  And it made people behave differently too.  The vibe was a lot better...  Like everybody was reassuring each other that we all were gonna make it.

These days, it's just guys rage baiting and doom posting most of the time.  Hopefully it changes soon.

If I haven’t checked the market yet today, then when I open it and look at the chart, I’ll be surprised and wonder what’s going on out there that’s causing the price to shoot straight up.
The market is in a frenzy because we’re so close to hitting $80,000—the 24-hour high.
If $80,000 is breached, that would represent more than 50% of Bitcoin’s all-time high (ATH). Perhaps some people are feeling uncertain or find themselves at a crossroads right now.

[pawel7777]

If I haven’t checked the market yet today, then when I open it and look at the chart, I’ll be surprised and wonder what’s going on out there that’s causing the price to shoot straight up.
(...)

I think on Wednesday the rumour was that Trump's call to get the Crypto Clarity Act was the culprit for the spike, but now it seems it was just one, less significant factor.
What had more impact on the price was most likely an increase in US Treasury buybacks, which increased liquidity in the wider market. There was also a big short-squeeze on Bitcoin short positions of almost $2 billions, and there's also a spike in demand for the spot ETFs.

Michael Saylor's Strategy is back in green again, as their average purchase price is $75,385. I wonder what they are going to do next. Will they continue selling to buy back their preference stock, or will they flip the switch and go back to buying.

[LUCKMCFLY]

So well, I'm curious if BTC can successfully cross at $80,000, because if that happens maybe that can trigger more demands on Bitcoin.

It's a fact that good times may have arrived. So far, I've seen that BTC's movement has been entirely positive in terms of buying; it represents a large volume, which is good for the price to hold.

It's possible it could reach $80K, although I think there's some resistance at that price level. However, it's prudent to wait. So far, the price is holding above $77K, after having made the big jump from $63K–$64K.

We must continue with our plans. Those using the DCA method for BTC should stick to their discipline. If there are any dips out there, take advantage of them. All positive things are welcome.